It looks like we'll start to see more hybrid vehicles coming from Geely, but don't expect every electrified vehicle to be a collaboration between Geely and Volvo. That's because Renault and Geely are partnering up for a joint-venture to build and sell more hybrids.
Geely Holding Group and Renault Group signed a Memorandum of Understanding (MOU) for joint cooperation in China and South Korean markets. Under the cooperation, Renault Group and Geely Holding will share resources and technologies in building more hybrids in fast-growing Asian markets.
In China, both companies will jointly launch Renault-branded hybrid vehicles. Renault will help with branding strategy, contribute to service and development, and recognizing its customer base.
Meanwhile, in Korea, Geely and Renault will explore the localization of vehicles based on Lynk & Co. energy efficient platforms. With Renault already familiar with Samsung Motors for over two decades, the French automaker can take advantage of this in making vehicle platforms for the Korean market.
With Renault forging a hybrid future with Geely in China and Korea, will this affect the automaker's partnership with Daimler? Not exactly.
Unlike the Renault-Geely partnership which will see the two brands work on vehicle platforms, branding strategy, service development, the Daimler-Geely collaboration will see them build hybrid powertrains.
Back in November 2020, the two companies signed a contract for the development of gas-electric systems in their drive for lower carbon emissions in their respective lineups. They also plan on building engines together to maximize the efficiency of hybrids. The goal of the project is to use the new Daimler-Geely hybrid systems in various models. This means we could see them being used in Geely, Smart, Mercedes-Benz, and even Volvo models in the coming years.
With Geely continuing to make new partnerships across different brands, this could actually help them make more hybrids and further reduce their carbon footprint. Hopefully, Geely will be able to introduce more hybrid vehicles to markets like the Philippines.